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To: RetiredNow who wrote (254291)	6/15/2010 11:16:26 AM
From: pstuartb	Read Replies (1) \| Respond to of 306849

In response to your Boomer hate posts, please be aware that 71% of all social security payments are currently made to people who were born before the boomer generation (age 65+): (Beneficiaries, by age) ssa.gov Only about 15-20% of SS outlays are currently paid to boomers. Personally, I don't expect to ever see a dime of SS benefits, and I doubt my kids will either. I've spent my whole adult boomer life living well beneath my means, partly because my WWII generation parents taught me to save, and partly because I've known for years that the previous generations' safety net will be gone by the time I retire. I think SS payments must and will be cut radically in the coming years, along with Medicaid and Medicare. It doesn't matter who wants to keep it, the money simply won't be there to spend, and this has been obvious for a very long time. The vast majority of SS benefits that have been paid out, were paid out to the pre-boomer WWII generations.

To: RetiredNow who wrote (254291)	6/15/2010 11:28:35 AM
From: skinowski	Read Replies (3) \| Respond to of 306849

Not very many boomers, especially among the younger ones, seriously expect to get their pre-agreed upon SS payments for the rest of their lives. What will happen is that after a lifetime of paying into the system they'll be lucky to receive a fraction of the purchasing power they have been "scheduled" to get... under the deal. With SS, what happens, happens... The runaway incomes and pensions of public employees are becoming a larger problem. It was criminal on the part of politicians to allow this to happen. Public employees are becoming a privileged segment of our society - and that is extremely unhealthy.